Erik Fällström to assume role as CEO to accelerate diversified strategy

DDM Debt AB (Nasdaq Stockholm: DDM Debt 2026) announces the change in its executive leadership, with the departure of Razvan Munteanu, CEO, and Fredrik Olsson, CFO, who have decided to continue their executive careers outside the group. Erik Fällström, controlling shareholder of the company will step in as CEO, and Alexander Fällström will take on the CFO role.

The change follows and reflects the adjustment in ownership structure – Erik Fällström increasing his shareholding in the company at the end of 2023. This is an important step in the direction of aligning the activities of DDM with those of the Fällström Family Office. This diversified strategy will benefit all stakeholders, opening access to a broader investors community, diversifying the group’s assets and competences.

Erik Fällström and Alexander Fällström will step in the executive roles with immediate effect. Razvan Munteanu, who has been offered the CEO position with a CEE Bank, and Fredrik Olsson will continue to support an orderly transition. Razvan Munteanu will also continue as Chairman of the Board of Directors for Omnio and AxFina, two DDM-founded companies.

Jörgen Durban, Chairman of the Board of Directors comments: "We are particularly excited by Erik’s decision to take the helm of the company. His stellar track record as an entrepreneur and builder of businesses is a guarantee for the successful execution of the group strategy to align DDM and the Fällström Family Office towards a broader, scalable, and more valuable diversified investment firm. The Board of Directors also thanks Razvan and Fredrik for their contribution to the Company and wishes them all the best in their future endeavours.” 

This information is of the type that DDM Debt AB is obliged to make public pursuant to the EU Market Abuse Regulation. It was submitted for publication, through the agency of the contact person set out below, on 3 February 2024 at 11:00 CET.

For more information, please contact:

Jörgen Durban, Chairman of the Board of Directors

Mail: j.durban@ddm-group.ch

or

Mail: investor@ddm-group.ch

DDM Debt AB (publ) (Nasdaq Stockholm: DDM Debt 2026) is part of the DDM Group, a specialized multinational investor in situations arising out of the general strategic challenges in the European banking markets. This includes investments into assets and companies previously held by financial institutions, including performing and non-performing loans and special situations. DDM strives to create value for its stakeholders by combining significant expertise in financial services, credit underwriting and technology with a focus on operational excellence.